RBC Manufacturing Index Shows Lowest Level Since It Started

Last week RBC announced that its Canadian Manufacturing PMI (Purchasing Managers’ Index) had hit a new low in September. The index, based on a survey of manufacturers, found employment and new business were both falling.

There is considerable debate about whether Canada is in a recession. Behind the debate is a larger one about whether the laissez-faire approach of the current federal government is working or whether Canada needs a modern industrial strategy. The RBC PMI numbers suggest that the current approach is failing.

About Us

Canadians for a Modern Industrial Strategy (CMIS) brings together people from labour, business, and the community who believe our economic success and social well-being depend on adopting a proactive industrial strategy.

CMIS is a partner organization of the Canadian Labour Institute for Social and Economic Fairness (CLI). Both CMIS and CLI gratefully acknowledges the support of NUPGE Canada.